Quality Power Electrical Equipments Limited has reported a 32.1% year-on-year increase in consolidated revenue to ₹256.4 crore for the quarter ended June 30, 2026, compared with ₹194.1 crore in Q1 FY2026. The company said the quarter reflected sustained demand across its high-voltage and power-quality portfolios.
On an adjusted basis, excluding a ₹7.82 crore non-cash net monetary loss arising from the application of Ind AS 29 to its Turkish operations, EBITDA increased 49.8% YoY to ₹72.5 crore, with the EBITDA margin improving to 28.3% from 24.9% a year earlier. Adjusted profit after tax rose 46.9% to ₹54.5 crore, compared with ₹37.1 crore in Q1 FY2026, while the adjusted PAT margin stood at 21.3%. On a reported basis, EBITDA was ₹64.7 crore and PAT was ₹46.7 crore.
Quality Power closed the quarter with a consolidated order book of ₹1,945.5 crore as of June 30, 2026, equivalent to approximately 1.9 times its FY2026 consolidated revenue. During the quarter, the company disclosed order wins worth ₹104.9 crore, including ₹48.3 crore for high-voltage reactors for a data-centre project in the United States, ₹40.9 crore for a FACTS system and equipment order in Japan, and ₹15.7 crore of 400 kV instrument transformer orders secured by its subsidiary Mehru from Hitachi Energy India.
The company is also progressing with its planned acquisition of Winwin Speciality Insulators Limited, following the execution of a term sheet in June 2026 for the proposed acquisition of 100% of its equity share capital at an enterprise value of approximately ₹315 crore, subject to due diligence, approvals and other closing conditions.
Meanwhile, Quality Power’s manufacturing expansion initiatives are progressing. Machinery installation is underway at its Sangli facility, with trial production targeted for August 2026, subject to regulatory clearances. Its Endoks facility expansion in Turkey is also advancing, with civil construction completed and interior fit-out underway; power conversion system operations are expected to begin in Q3 FY2027.
The company said demand remains strong across grid modernisation, HVDC interconnections, renewable integration, energy storage and data-centre infrastructure. Its order pipeline includes projects across North America, Europe, the Middle East, Asia and India, while raw-material availability and pricing remain key execution challenges.
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